The regulator of the UAE capital markets will support the merger of the Abu Dhabi Securities Exchange and the Dubai Financial Market, according to Abdullah Al Turaifi, chief executive of the Securities and Commodities Authority (SCA).
The executives of the two bourses have been meeting to discuss if a merger would be good for the companies and the UAE. On balance, it should be.
Internationally, the companies that own stock markets have been merging to reduce costs and offer clients platforms with a greater range of listed stocks and financial products. These reasons apply to the UAE financial markets as well.
No comments:
Post a Comment